The Board of Green Dragon Gas Ltd. (GDG.L) announced it has concluded a comprehensive business review and is implementing a strategically focused growth plan. The company said it is committed to be a focused upstream business through the continued divestiture of the ancillary businesses developed and acquired by Green Dragon out of necessity to achieve the growth as a pioneer in the Chinese CBM market.
At the conclusion of the plan, Green Dragon Gas will be a high growth E&P business within the unconventional gas market in China with reduced fixed costs, the company said.
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